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Time Warner buys Bleacher Report sports website
Aug 6th, 2012
(Reuters) - Time Warner Inc said its Turner Broadcasting unit has bought sports website the Bleacher Report to bulk up the media company's Internet sports presence, which includes websites such as NASCAR.com and NCAA.com. Terms of the deal were not disclosed but a source close to the matter who was not authorized to speak publicly about it said Time Warner is paying under $200 million for the San Francisco-based company. The sports website will now operate as part of Turner's Sports division, the company said in a statement. ... (Source: Reuters) -
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